Commercial Metals Company

CMC

$69.80

+1.53%

2026-09-04 12:36:52 EDT+$1.05

Basic Materials

Steel

NYSE

Active Trading

Commercial Metals Company (CMC) is an international enterprise specializing in the production, recycling, and fabrication of steel and metal products, along with ...

Price Action of CMC

$69.80

+1.53%+$1.05

High—

Low—

52W High-17.2%

Rel. vol—

Interval

Range3h

Volume—SMA5SMA10

—

Commercial Metals Company (CMC) is an international enterprise specializing in steel manufacturing, metal recycling, and steel fabrication, with a strong commitment to sustainability. Founded in 1915 by Jacob Feldman as a scrap trading business, CMC has evolved into a major player in the steel industry. The company is headquartered in ...Commercial Metals Company (CMC) is an international enterprise specializing in steel manufacturing, metal recycling, and steel fabrication, with a strong commitment to sustainability. Founded in 1915 by Jacob Feldman as a scrap trading business, CMC has evolved into a major player in the steel industry. The company is headquartered in Irving, Texas, and operates over 200 facilities across the United States, Europe, and Asia, employing more than 12,000 people. CMC's business model is vertically integrated, covering the entire steel supply chain. It recycles ferrous and non-ferrous scrap metals, using them as raw material for its electric arc furnaces to produce new steel products. This approach enables CMC to use 100% recycled steel, significantly reducing its environmental footprint. The company reports saving over 16 billion pounds of scrap metal from landfills annually, contributing to high-performance green buildings and sustainable construction practices. The company's product portfolio includes reinforcing bars (rebar), merchant bars, light structural sections, wire rods, and semi-finished billets. It also provides custom-fabricated steel products for concrete reinforcement, serving sectors such as commercial and residential construction, infrastructure, industrial plants, and public venues like stadiums and bridges. Additionally, CMC offers construction equipment for sale and rent, and produces specialty steels for the truck trailer industry, energy market, and military armored vehicles. Financially, CMC is publicly traded on the New York Stock Exchange (NYSE: CMC). It generates annual revenue of approximately $7 billion (as per TTM figures), with a market capitalization of around $8.3 billion. In 2023, the company reported a net profit margin of 6.7% and a return on equity of 13.6%. CMC maintains a strong balance sheet with a current ratio of 2.3 and a manageable debt level, reflected by a debt-to-equity ratio of 0.75. The company also pays dividends, with a yield of approximately 1%. Leadership is headed by Peter R. Matt, who was appointed President in April 2023 and CEO in September 2023. Under his guidance, CMC continues to focus on growth and sustainability, with plans to invest up to $600 million in expansion projects and acquisitions. The company aims to leverage its unique recycling-to-production model to meet increasing demand for green steel solutions while providing value to shareholders and contributing to a more sustainable future.ExpandCollapse

Founded

1915

Employees

12690

CEO

Peter R. Matt

Full Name

Commercial Metals Company

Sector

Basic Materials

Industry

Steel

ROE

13.65%

Market Cap

$7.72B

Current Ratio

2.33

WACC

10.53%

ROIC

8.85%

Contact Information

https://www.cmc.com

214 689 4300

6565 North MacArthur Boulevard, Irving, TX 75039

Key Metrics of CMC

Snapshot

Latest / TTM · 5 periods

Market Cap

$7.72B

ROCE

9.8%

EV / EBITDA

9.10x

+1.0% YoY

FCF Yield

5.3%

+0.5% YoY

Cash Conversion Cycle

93.5d

Current Ratio

2.33

Quick take

TTM —

Positive CCC

Financial Highlights of CMC

Profitability trend

Latest / TTM · 5 periods

Gross Margin

18.6%

Net Margin

6.7%

P/E Ratio

12.85x

n/a

Debt / Equity

0.75

n/a

Current Ratio

2.33

Dividend Yield

1.1%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of CMC

Upcoming

Oct 15, 2026In 41 days
Q4 FY2026 · Earnings report
Est. EPS $1.97
Nov 30, 2026
Q1 FY2027 · Estimated results
Est. EPS $1.71 · Revenue $2.47B · 3 analysts
Feb 28, 2027
Q2 FY2027 · Estimated results
Est. EPS $1.45 · Revenue $2.32B · 1 analysts
May 31, 2027
Q3 FY2027 · Estimated results
Est. EPS $2.03 · Revenue $2.61B · 1 analysts

Recent history

Jul 15, 2026
Dividend payment
$0.74 per share
Jul 6, 2026
Ex-dividend date
$0.74 per share
Jun 29, 2026
Q3 FY2026 · Results reported
EPS $1.55 · Revenue $2.48B
View filing
Mar 31, 2026
Q2 FY2026 · Results reported
EPS $0.83 · Revenue $2.13B
View filing
Jan 8, 2026
Q1 FY2026 · Results reported
EPS $1.58 · Revenue $2.12B
View filing
Oct 16, 2025
FY2025 · Annual results
EPS $0.74 · Revenue $7.80B
View filing

Financial Statements of CMC

Next Earnings Date

Oct 15, 2026

EPS Est. 1.97 · Fiscal period ending 2026-08-31

D-41

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$7.8B	-1.6%	+16.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$84.7M	-82.6%	+86.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+15.6%	-8.7%	+0.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+6.7%	-23.8%	+29.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+1.1%	-82.3%	+59.7%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$312.2M	-45.7%	+75.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+4.0%	-44.8%	+50.6%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	32.3%	+16.7%	-1.7%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	2.78x	-29.6%	-2.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$7.2B	+5.2%	+2.5%

Actual vs Estimate

A Aug 31Q May 31

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	0.74 vs 3.13	-76.4%	1.55 vs 1.70	-8.8%
Revenue Surprise	$7.8B vs $7.8B	+0.6%	$2.5B vs $2.4B	+3.4%

Insider Transactions of CMC

Acquisitions (A)

Since Jul 1, 2026

Disposals (D)

Since Jul 1, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 19, 2026	Doucet Michael	officer: SVP, EBG & Chief Comm. Officer	Common Stock	—	0	—
Aug 13, 2026	McPherson John R	director	Common Stock	A	1,390	$71.92
Jul 15, 2026	Perkins Tandra C	director	Common Stock	A	19	$67.41
Jul 15, 2026	HICKTON DAWNE S	director	Common Stock	A	4	$67.41
Jul 15, 2026	McPherson John R	director	Common Stock	A	42	$67.41

Earnings Call Transcript of CMC

1 transcript segments

Q3 2026

Unknown Speaker

Jason Brocious: Hello, everyone, and welcome. To the fiscal 26 third quarter earnings call for Commercial Metals Company. Joining me on today's call are Peter R. Matt, CMC's president and chief executive officer, and Paul J. Lawrence, senior vice president and chief financial officer. Today's materials, including the press release and supplemental slides that accompany this call, can be found on CMC's Investor Relations website. Today's call is being recorded. After the company's remarks, we will have a question-and-answer session, and we will have instructions at that time. We would like to remind all participants that today's discussion contains forward-looking statements, including with respect to economic conditions, effects of legislation, and trade actions, US steel import levels, construction activity, demand for finished steel products and precast concrete products, the expected capabilities, benefits, costs, and timeline for construction of new facilities, and expected performance of our recently acquired Precast platform, the company's operations, the company's strategic growth plan, its anticipated benefits, the company's ability to achieve its stated deleveraging target within the anticipated time frame, legal proceedings, and company's future results of operations, financial measures, tax credits, and capital spending. These statements reflect the company's beliefs based on current conditions but are subject to risks and uncertainties. The company's earnings release, most recent annual report on Form 10 k and other filings with the US Securities and Exchange Commission contain additional information concerning factors that could cause actual results to differ materially from those projected in forward-looking statements. Except as required by law, CMC does not assume any obligation to update, amend, or clarify these statements. Some numbers presented will be non GAAP financial measures, and reconciliations for such numbers can be found in the company's earnings release, supplemental slide presentation, or on the company's website. Unless stated otherwise, all references made to year or quarter are references to the company's fiscal year or fiscal quarter. And now for opening remarks and introductions, I will turn the floor over to Peter. Peter R. Matt: Good morning, and thank you for joining today's conference call. Before we get started, a quick but important housekeeping note. After more than 6 years of outstanding leadership in investor relations, Jason Brocious is transitioning into a strategy and corporate development role within CMC. Jason has been instrumental to CMC's success and a trusted partner for the investor community. We are grateful for all of his contributions and look forward to his continued impact here at CMC. Joining us to lead our IR efforts is Andy Larkin, who comes to us most recently from his roles leading investor relations at AngloGold and Summit Materials and who brings a 10 years of IR experience across …

Leadership Team of CMC

11 executives

Name	Title	Compensation	Gender	Year Born	Status
Peter R. Matt	Chief Executive Officer, President & Director	USD 2,517,097	Male	1963	Active
Paul J. Lawrence	Senior Vice President & Chief Financial Officer	USD 1,297,467	Male	1970	Active
Ty L. Garrison	Senior Vice President of Operational & Commercial Excellence	USD 1,068,073	Male	1971	Active
Jody K. Absher	Senior Vice President, Chief Legal Officer & Corporate Secretary	USD 1,048,694	Female	1977	Active
Randy Patterson	Senior Vice President, Chief Human Resources & Communications Officer	USD 1,018,850	Male	—	Active
Kekin Ghelani	Senior Vice President & Chief Strategy Officer	USD 957,607	Male	1974	Active
Kevin A. Haas	Senior Vice President of Precast Group	—	Male	1966	Active
Jason Brocious	Senior Director of Investor Relations and FP&A	—	—	—	Active
Brian Halloran	Senior Vice President of North American Steel Group	—	Male	1971	Active
Michael Doucet	Senior Vice President of Emerging Businesses Group	—	Male	1973	Active
Lindsay L. Sloan	Vice President & Chief Accounting Officer	—	Female	—	Active

Recent News of CMC

Zacks Investment Research7/29/2026Neutral

Why Commercial Metals (CMC) is a Top Momentum Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Seeking Alpha7/29/2026Neutral

Cincinnati Financial: The Equity Portfolio Saved Q2, But Commercial Lines Need Attention

Cincinnati Financial Corporation reported strong Q2 net income driven by $1.3B in pre-tax investment gains, primarily from its sizable equity portfolio. Operating EPS declined to $1.43 as catastrophe losses and weaker Commercial Lines underwriting offset rising recurring investment income. Commercial Lines produced a 104.1% Q2 combined ratio and remained unprofitable for H1, with deterioration extending beyond catastrophe losses.

Defense World7/24/2026Neutral

California Public Employees Retirement System Grows Stake in Commercial Metals Company $CMC

California Public Employees Retirement System grew its stake in shares of Commercial Metals Company (NYSE: CMC) by 11.5% in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 277,877 shares of the basic materials company's stock after acquiring an additional 28,693 shares

Zacks Investment Research7/21/2026Neutral

Here's Why Commercial Metals (CMC) is a Strong Value Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

The Motley Fool7/13/2026Neutral

Commercial Metals CEO Peter Matt Buys $500,000 in Shares. What Does This Mean for Investors Now?

8,230 shares were purchased at $61.30 per share for a total value of $504,499 on July 10, 2026. The transaction increased the CEO's direct equity holdings by 5%.

Historical Employee Count of CMC

Current

12,690

Change

-3.70%

Minimum

12,483

Maximum

13,178

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Aug 31, 2025	12,690	10-K	Oct 16, 2025	View
Aug 31, 2024	13,178	10-K	Oct 17, 2024	View
Aug 31, 2023	13,022	10-K	Oct 12, 2023	View
Aug 31, 2022	12,483	10-K	Oct 13, 2022	View

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Commercial Metals Company